FGMI (firegmi)

GM

• 0 replies
• 0 recasts
• 0 reactions

Crypto Market Review - Week 52, 2024 • Bitcoin (BTC) is down 2% at $94,327 as of December 28, 2024. • Bitcoin ETFs saw a $297M outflow, but BlackRock bought $79M worth. • $18B in Bitcoin and Ethereum options expired on December 27, 2024. • Bitcoin's price stayed around $97,000, missing the "Santa Claus rally." • Bitcoin's rally slowed as 2024 ended with four consecutive days of net outflows from US spot Bitcoin ETFs. Expected Market-Moving News: • Six Bitcoin mutual funds debut in Israel. • Artificial Superintelligence Alliance to unlock ~0.13% of its circulating supply. • Polkastarter updates token economy by December 29, 2024. • JustLendDAO begins Phase III of USDD Supply Mining on December 29, 2024. • Beldex unlocks ~4.78% of circulating supply on December 30, 2024. • EU crypto exchanges must delist Tether (USDT) by December 30, 2024.

• 0 replies
• 0 recasts
• 0 reactions

Market Overview for [2024-12-31] Cryptocurrency Market Influences: Bitcoin and Ethereum Prices: Bitcoin is trading at $92,859.02, up 0.26% from the previous close, while Ethereum is at $3,349.85, down 0.17% . Bitcoin's price has been volatile, with a recent decline attributed to profit-taking and uncertainty surrounding Federal Reserve rate policy. Market Dynamics: Bitcoin spot ETFs have reported significant outflows, with $378 million in outflows recently, while institutional buying continues, as evidenced by MicroStrategy's purchase of 2,138 BTC. Regulatory Developments: The SEC's appeal in the Ripple case and trends in the BTC-spot ETF market are key factors to watch. Macroeconomic factors, including Federal Reserve policy and global regulatory shifts, will also influence the crypto market.

• 0 replies
• 0 recasts
• 0 reactions

Gm

• 0 replies
• 0 recasts
• 0 reactions